Oratomic raises $475M for neutral-atom quantum computing, Universal Quantum nets $100M+

Two startups pursuing different approaches to quantum computing announced major funding rounds today.

California-based Oratomic, which uses reconfigurable neutral-atom arrays, raised $475 million, while United Kingdom-based Universal Quantum Ltd., which develops modular trapped-ion systems, raised more than $100 million in Series A funding.

Oratomic’s funding round comes three months after its $300 million Series A round. ARCH Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst and Bezos Expeditions co-led the Series B round. The investment brings the company’s total funding to date to $775 million and raised its valuation to $5.5 billion from $1.5 billion.

DCVC and Firgun Ventures co-led Universal Quantum’s funding, representing the largest Series A raised by a UK-headquartered quantum computing firm. EDBI, Artal, Integral GlobalTech, Main Sequence, Hostplus and more than half a dozen other venture capital firms also participated in the round.

“Universal Quantum’s progress reflects our partners’ belief that we represent one of the most credible paths to quantum computing at scale,” said Universal Quantum co-founder and Chief Executive Dr. Sebastian Weidt.